News

The Securities and Exchange Commission has sued Barclays Bank and Steven Landzberg, a former proprietary trader for Barclays’ U.S. distressed-debt desk, accusing both of insider trading.

AIG Global Investment Group recently held a final close of AIG New Europe Fund II with capital commitments totaling €522.5 million (US$700 million).

Morgan Stanley is seeking regulatory approval to establish an office in Cairo, Egypt, and has appointed Amr Diab as executive director and country representative.

In a trend that’s either disturbing or encouraging (or both), another big hedge fund says assets and profits are up, even though performance is down.

In Connecticut, corruption is a bipartisan matter. The former majority leader of the State Senate, a Democrat, has been found liable in a kickback scheme involving a private equity firm orchestrated by the state’s former treasurer, a Republican.

Former prominent investment banker John Whittier pleaded guilty yesterday to defrauding investors in his hedge fund of $88 million.

The lines between the traditional and alternative investment universes are getting even blurrier thanks to Sprott Asset Management.

New York-based Owl Creek Asset Management is reportedly prepping a Japan-focused activist fund to be launched sometime in July.

A trio of energy veterans is making a foray into the hedge fund space with the launch of a relative value energy fund. Houston-based ETG Equity on June 1 will unveil cross-commodity, relative value vehicle ETG Capital, which has exposure to commodities such as power, natural gas, crude oil and refined products.